Potential of Nigeria’s untapped marine and blue economy

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'The establishment of a Ministry of Marine and Blue Economy by President Bola Tinubu when he recently assigned new ministerial portfolios.'

By investing in modern fishing technologies, improving infrastructure, and implementing effective regulations, Nigeria can significantly increase its fish production, both for domestic consumption and export. This would not only boost the economy but also enhance food security and alleviate poverty in coastal communities.

Renewable energy is another aspect of the blue economy that Nigeria can harness. The country’s vast water resources provide an ideal environment for the development of hydroelectric power and other forms of renewable energy. Nigeria’s blue economy potential extends to tourism. It would be therefore important that the ministry collaborates and cooperates, with the Ministry of Tourism in order to promote tourism and achieve its full potential.

 

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